Momo (NASDAQ:MOMO) announced its quarterly earnings results on Wednesday. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09, Fidelity Earnings reports. The company had revenue of $536.00 million for the quarter, compared to analysts’ expectations of $535.30 million. Momo had a net margin of 25.40% and a return on equity of 37.12%. Momo’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS.
MOMO traded down $1.73 during midday trading on Friday, hitting $25.32. 5,315,791 shares of the company traded hands, compared to its average volume of 3,826,645. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.46 and a current ratio of 3.46. The stock has a market capitalization of $6.31 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.65 and a beta of 1.84. Momo has a 52 week low of $23.45 and a 52 week high of $54.24.
A number of equities analysts recently issued reports on MOMO shares. TH Capital dropped their price target on shares of Momo to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. 86 Research upgraded shares of Momo from a “hold” rating to a “buy” rating in a research note on Friday, November 9th. ValuEngine upgraded shares of Momo from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Jefferies Financial Group reiterated a “buy” rating and issued a $58.00 price target on shares of Momo in a research note on Thursday, November 22nd. Finally, Nomura dropped their price target on shares of Momo from $55.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Momo presently has an average rating of “Buy” and a consensus price target of $47.05.
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Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live videos, short videos, social games, and other video- and audio-based interactive experiences.
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